Registration number: 09546202

Kamma Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Kamma Limited

Company Information

Directors

O Shields S McClintock

Registered office

Thanet House Lentaspace (Kamma) 231-232 Strand London WC2R 1DA

Accountants

Silva Financial Limited Trading as Aims Accountants for Business Chartered Accountants 34 Pebworth Road Harrow Middlesex HA1 3UD

Kamma Limited

(Registration number: 09546202)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	17,491	31,812
Current assets
Debtors	5	162,928	137,347
Cash at bank and in hand		1,536,131	2,592,537
		1,699,059	2,729,884
Creditors: Amounts falling due within one year	6	(308,788)	(263,976)
Net current assets		1,390,271	2,465,908
Total assets less current liabilities		1,407,762	2,497,720
Creditors: Amounts falling due after more than one year	6	(1,289)	(9,821)
Net assets		1,406,473	2,487,899
Capital and reserves
Called up share capital	7	6	5
Share premium reserve		5,745,078	5,745,078
Retained earnings		(4,338,611)	(3,257,184)
Shareholders' funds		1,406,473	2,487,899

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 September 2025 and signed on its behalf by:
 

......................................... O Shields Director

Kamma Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Thanet House
Lentaspace (Kamma)
231-232 Strand
London
WC2R 1DA

These financial statements were authorised for issue by the Board on 23 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Kamma Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax gain consists of Research & Development tax credits received during the year, relating to the Research & Development Tax Credit claim for the year ended 31 March 2024 and was calculated on the basis of tax rates and laws that have been enacted or substantively enacted in the UK by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is provided, after taking into account any grants receivable, at the following annual rates in order to write off each asset over it's estimated useful life:

Asset class	Depreciation method and rate
Bicycles	Straight Line 25%
Computer Equipment	Straight Line 25%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Kamma Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Kamma Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 25).

4	Tangible assets

	Computer equipment  £	Bicycles  £	Total £
Cost or valuation
At 1 April 2024	77,932	9,234	87,166
Additions	2,185	-	2,185
At 31 March 2025	80,117	9,234	89,351
Depreciation
At 1 April 2024	47,906	7,448	55,354
Charge for the year	15,007	1,499	16,506
At 31 March 2025	62,913	8,947	71,860
Carrying amount
At 31 March 2025	17,204	287	17,491
At 31 March 2024	30,026	1,786	31,812

5

Debtors

Current	2025 £	2024 £
Trade debtors	130,388	107,399
Prepayments	23,669	29,948
Other debtors	8,871	-
	162,928	137,347

Kamma Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	8,532	8,418
Trade creditors		84,658	7,847
Taxation and social security		83,471	100,093
Accruals and deferred income		86,362	100,848
Other creditors		45,765	46,770
		308,788	263,976

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,289	9,821

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £0.00001 each	128,863	1.29	128,863	1.29
Deferred Shares of £0.00001 each	18,750	0.19	18,750	0.19
Seed A Shares of £0.00001 each	78,736	0.79	78,736	0.79
Seed B Shares of £0.00001 each	41,527	0.42	41,527	0.42
Series A Shares of £0.00001 each	199,660	2.00	199,660	2.00
Growth Shares of £0.00001 each	107,529	1.08	-	-
	575,065	5.75	467,536	4.68

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	1,289	9,821

Current loans and borrowings

Kamma Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	2025 £	2024 £
Other borrowings	8,532	8,418

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	230,880	206,970
Contributions paid to money purchase schemes	6,900	6,174
	237,780	213,144